Monitoring Zai Lab Limited ADR (ZLAB) after recent insider movements

In a filing, Zai Lab Limited ADR revealed its Chairperson & CEO Du Ying unloaded Company’s shares for reported $0.22 million on Jan 03. In the deal valued at $26.12 per share,8,380 shares were sold. As a result of this transaction, Du Ying now holds 1,133,450 shares worth roughly $25.75 million.

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Then, Edmondson Frazor Titus III sold 4,803 shares, generating $125,464 in total proceeds. Upon selling the shares at $26.12, the Chief Legal Officer now owns 30,005 shares.

Before that, Reinhart Harald sold 4,803 shares. Zai Lab Limited ADR shares valued at $125,464 were divested by the insider at a price of $26.12 per share. As a result of the transaction, Reinhart Harald now holds 46,060 shares, worth roughly $1.05 million.

Morgan Stanley initiated its Zai Lab Limited ADR [ZLAB] rating to an Overweight in a research note published On Monday, December 14, 2023; the price target was $47.50.

Price Performance Review of ZLAB

On Monday, Zai Lab Limited ADR [NASDAQ:ZLAB] saw its stock fall -0.09% to $22.72. Over the last five days, the stock has gained 1.43%. Zai Lab Limited ADR shares have fallen nearly -16.87% since the year began. Nevertheless, the stocks have fallen -48.91% over the past one year. While a 52-week high of $45.09 was reached on 01/04/24, a 52-week low of $19.88 was recorded on 01/22/24. SMA at 50 days reached $26.49, while 200 days put it at $27.97. A total of 0.55 million shares were traded, compared to the trading of 0.55 million shares in the previous session.

Levels Of Support And Resistance For ZLAB Stock

The 24-hour chart illustrates a support level at 21.88, which if violated will result in even more drops to 21.04. On the upside, there is a resistance level at 23.18. A further resistance level may holdings at 23.64. The Relative Strength Index (RSI) on the 14-day chart is 32.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.53%. Stochastics %K at 38.92% indicates the stock is a holding.

How much short interest is there in Zai Lab Limited ADR?

A steep rise in short interest was recorded in Zai Lab Limited ADR stocks on Jan 11, 2024, growing by 0.14 million shares to a total of 4.2 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 4.06 million shares. There was a rise of 3.33%, which implies that there is a positive sentiment for the stock.

Zai Lab Limited ADR [ZLAB] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 5,218,843 shares, or roughly 5.28% of the outstanding ZLAB shares. In other words, the investor’s shares have fallen by -4,725 from its previous 13-F filing of 5223568.0. Additionally, Janus Henderson Investors US LLC increased 15.04% of its stake after which the total value it holdings stand at $115,918,118, while Invesco Advisers, Inc. reduced -11.20% of its stake to hold $85.9 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 91,479 shares of Zai Lab Limited ADR, while Viking Global Investors LP bought -138,442 shares. At present, Wellington Management Co. LLP is holding 1,922,628 shares valued at $52.55 million. Segantii Capital Management Ltd. owned 1,788,999 shares of the company at the time of its most recent 13F filing, worth $48.89 million.

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